The FET price showed a minimum of $0.16 on August 17 and has continued its upward trend since then, without slowing down the growth rate and avoiding major corrections. In October, the token set a new rising low and accelerated growth.

Despite the slowdown in growth in early December, yesterday the altcoin again reached a new annual high of $ 0.62. However, after that, it returned below $0.60.

The relative strength index of the RSI formed a bearish divergence in December, which led to a slight decrease in the price. This divergence occurs when a price increase is accompanied by a weakening of momentum.

This led to a retest of the key horizontal resistance area, which was then confirmed as support. The FET price then rose after the RSI formed a hidden bullish divergence, and the RSI is currently above 50, indicating an uptrend momentum.

Analysts in the world of cryptocurrencies express optimism about Fetch.ai Crypto Tony claims that the growth of FET has just begun, and investors can still enter the market.

DavidOnCrypto marked a new yearly high and suggested that the price could rise to the next resistance level at $1.

ShitcoinAlchemist is full of optimism due to the popularity of artificial intelligence (AI) and claims that the project Fetch.ai It is gaining momentum and is aiming to reach $1.

According to Elliott's wave analysis, the most likely scenario assumes that the price is in the fifth and last wave of the upward movement that began in August. This could lead to an increase in FET to $0.72, which is 25% of the current level.

However, closing the price below $0.48 may cancel the bullish forecast and cause a 35% decline to the level of $0.38.